China Merchants Bank said it will raise the margin maintenance ratio for margin
calls on its Zhaocaijin precious‑metals business to 120%, effective at
settlement on the close of Tuesday, June 16, 2026, citing heightened domestic
and international precious‑metals price volatility. Affected contracts: Ag(T+D),
Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06 and NYAuTN12.